Editorial: The Un-Cuomo
The Wall Street Journal
March 27, 2009
Richard Blumenthal and Andrew Cuomo are making careers in Connecticut and New York, à la Eliot Spitzer, from hounding Wall Street executives. But some state Attorneys General still abide by such out of fashion values as respect for law and prosecutorial discretion.
On November 19, Chuck Grassley, the ranking Republican on the Senate Finance Committee, urged all 50 state Attorney Generals to "consider the appropriateness of inquiring whether financial institutions located within your State have violated (or would violate) State law by making certain executive compensation payments to executives and top management." He cited approvingly Mr. Cuomo's probe into AIG perks and bonuses.
